BASF has reportedly launched a sale process for its Coatings division, according to Bloomberg, citing people familiar with the matter. Over the past weeks, the German chemical company is said to have shared initial information about the business with potential buyers. The division – which includes automotive refinish and industrial coatings – could be valued at approximately EUR 6 billion, according to the report. Further details were reported by Der Aktionär, stating that BASF is exploring strategic options for the Coatings business, including a possible sale or partnership. No official confirmation regarding the potential sale has been issued to date.